TeraWulf (NASDAQ:WULF) CEO Paul Prager Sells 137,500 Shares of Stock

TeraWulf Inc. (NASDAQ:WULF) CEO Paul Prager sold 137,500 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $16.10, for a total value of $2,213,750.00. Following the completion of the sale, the chief executive officer directly owned 354,200 shares of the company’s stock, valued at $5,702,620. The trade was a 27.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TeraWulf Stock Up 3.9%

WULF stock opened at $16.86 on Thursday. The stock’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $13.69. The company has a market cap of $7.15 billion, a P/E ratio of -10.34 and a beta of 3.67. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.00 and a current ratio of 2.00. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $18.51.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WULF. Kraematon Investment Advisors Inc. raised its position in TeraWulf by 2.3% in the 4th quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company’s stock valued at $488,000 after buying an additional 952 shares during the last quarter. R Squared Ltd lifted its stake in TeraWulf by 5.0% during the 4th quarter. R Squared Ltd now owns 22,207 shares of the company’s stock valued at $255,000 after acquiring an additional 1,056 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in TeraWulf by 12.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 11,308 shares of the company’s stock worth $129,000 after acquiring an additional 1,250 shares during the last quarter. Franklin Resources Inc. boosted its holdings in TeraWulf by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of TeraWulf by 10.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 13,325 shares of the company’s stock worth $152,000 after acquiring an additional 1,293 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf News Roundup

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Arete Research initiated coverage with a Buy rating, providing a fresh buy-side catalyst and research coverage that can attract new institutional interest. Arete Research Begins Coverage on TeraWulf
• Positive Sentiment: A Morgan Stanley-backed publication highlighted an 86% upside target for a crypto-related stock narrative that included TeraWulf, supporting bullish analyst sentiment and potential upside re-ratings. Morgan Stanley-backed crypto stock gets 86% upside rating
• Positive Sentiment: Company messaging on a strategic pivot — positioning TeraWulf as an AI data-center supplier beyond pure crypto mining — gives investors a higher-growth narrative that could justify multiple expansion if execution follows. Terawulf CEO on pivoting the business from crypto mining to AI data center supplier
• Positive Sentiment: Coverage noting recent insider buying activity helped lift sentiment earlier in the session, suggesting some management/director-level confidence from other insiders. TeraWulf Shares Up 12% After Insider Buying Activity
• Neutral Sentiment: Short-interest reports in reports appear inconsistent/zeroed out (likely data/reporting issue), so there’s no clear short-squeeze signal to read into from recent filings.
• Neutral Sentiment: Regional energy policy shifts — e.g., Maryland supporting coal-to-gas plant conversions — change local generation mixes but have an indirect and uncertain impact on TeraWulf’s energy-sourcing strategy. Maryland governor backs retired coal plant’s conversion to gas
• Negative Sentiment: CEO Paul B. Prager sold 137,500 shares (about $2.2M at the transaction price), reducing his stake by roughly 28% — a material insider sale that can spook investors and raises questions about timing/intent. SEC Form 4 – Paul B. Prager

Analysts Set New Price Targets

Several research firms recently issued reports on WULF. Cantor Fitzgerald lifted their price target on shares of TeraWulf from $18.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Arete Research initiated coverage on shares of TeraWulf in a report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of TeraWulf from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 11th. Rosenblatt Securities reiterated a “buy” rating and set a $23.00 price objective on shares of TeraWulf in a report on Thursday, March 19th. Finally, Morgan Stanley initiated coverage on shares of TeraWulf in a research report on Monday, February 9th. They set an “overweight” rating and a $37.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.29.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.